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Wednesday, August 11, 2004

Tristate business summary



Pomeroy reports double-digit gains

Pomeroy IT Solutions Inc., the Hebron computer sales and service provider, Tuesday reported double-digit gains in second-quarter earnings and revenues. For the three months ended June 30, Pomeroy said net income increased 54 percent to $3.09 million , or 25 cents a share, from $2.01 million or 16 cents a share, a year ago. Revenues rose 21 percent to $178.2 million from $147.4 million a year ago. Last month, Pomeroy completed its largest acquisition, purchasing Illinois-based Alternative Resources Corp. for $46 million, including debt retirement.

Right Track opens new unit in Asia

Rite Track International, a West Chester supplier of track systems for semiconductors, has established an Asian unit and hired Adrian Chew Soon Tok as managing director. He will manage sales, service and logistical operations from offices in Singapore, the company said. "We are continuing to strengthen our ability to serve our worldwide customer base," company president Tim Hayden said.

Staff reports




BUSINESS HEADLINES
Delta bankruptcy could tighten grip
Ratings battle takes to the air
'86 accident changed atmosphere
Prime bumped up to 4.5%
No good news on gas prices
RxBazaar lays off half over inquiry
Sassoon's P&G suit to go ahead
Moving fountain not a cinch, yet
Huntington explores settlement with SEC
N.Y. collects fines in tableware case
Olympics give Xerox, Kodak fine exposure
Trump will lose his CEO title, majority stake in Chapter 11
Tristate business notes
Tristate business summary



 

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